Former acting Comptroller of the Currency Brian Brooks has resigned as the CEO of Binance U.S. after just over three months. He cited “differences over strategic direction.” Meanwhile, Binance is facing regulatory scrutiny worldwide, including in the U.K., Malaysia, Japan, Cayman Islands, Hong Kong, Thailand, Germany, and Lithuania. CEO of Binance US Resigns The CEO …
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Popular crypto analyst Michaël van de Poppe is outlining key support levels for Bitcoin (BTC), Ethereum (ETH), Cardano (ADA) and Polkadot (DOT). In a new video, van de Poppe says that at this point, $36,000 is an acceptable level for Bitcoin to drop to – but the price for the top crypto should not dip …
The overall feel across the cryptocurrency landscape over the past week has been one of bubbling anticipation, with the Ethereum network finally undergoing its London hard fork, which includes reforms to the transaction fee market, thanks to EIP-1559. London is the latest in a series of upgrades that are part of Ethereum’s measured transition from …
Continue reading “Altcoin Roundup: Hodling Ethereum? Here’s how and where to stake your ETH”
With more than one amendment proposed to the United States infrastructure plan that would modify a provision on cryptocurrencies, some figures in the space are going against the one with White House support. Digital rights advocacy group Fight for the Future said today it would not support the amendment crafted by Senators Mark Warner, Rob …
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Reggie Fowler, a former NFL team owner and the suspected “shadow banker” involved in the Tether and Bitfinex saga, will finally have his day in court as his trial is scheduled for early 2022. According to newly released information, Fowler is accused of laundering money for Colombian drug cartels, alongside providing unlicensed financial services to …
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Ripple confirms that federated sidechains are coming. The implementation will vastly increase the use cases of the XRP Ledger, including adding DeFi, NFT, and smart contract capabilities. “You asked, we listened. We’ve introduced Federated Sidechains to the #XRPLedger so that you can enjoy the power of the #XRPL on a sidechain that acts as its …
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Fresh off the heels of Binance’s last announcement to discontinue crypto derivatives offerings in Germany, Italy, and the Netherlands, the company revealed on Friday crypto derivatives products in Hong Kong will cease as well. Effective immediately, users won’t be able to open new derivatives positions and customers with existing derivatives positions have 90 days to …
The Ethereum blockchain has completed the highly anticipated London upgrade on Thursday and ether fans have been discussing the protocol’s burn rate with great fervor following the fork. 5.9 Ether Is Burned Every Minute, Vitalik Buterin ‘Confident’ About the future after London At press time, Ethereum is burning 5.9 ether per minute or $16.8K using …
After a great number of well known product brands like Burger King, Axe, Snickers, Milky Way, and Slim Jim have been riding the dogecoin hype, the American meat and cold cut manufacturer Oscar Mayer has also jumped on the dogecoin bandwagon. Similar to Axe, Oscar Mayer has also created a dogecoin-centric product and is auctioning …
A member of the Board of Governors of the Federal Reserve System is sharing his thoughts on the advantages of using private stablecoins over central bank digital currencies (CBDCs). In a speech at the American Enterprise Institute in Washington, DC, Governor Christopher J. Waller weighs the benefits of using a privatized digital currency in place …
Lawmakers in Spain are proposing a new law that would allow homeowners to pay their mortgages using cryptocurrency. The legislation, submitted by members of the People’s Party in a bid to promote digital transformation in Spain, also aims to enable real-estate companies and investment funds to use crypto assets to purchase mortgages from banks. ADVERTISEMENT …
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US Senator Elizabeth Warren (D-MA) says that the bigger the crypto sector gets, the bigger the risk it poses to the financial system at large. In a new interview with Bloomberg, Warren draws parallels between the growing crypto industry and the 2008 financial crisis. ADVERTISEMENT “So do you remember money markets back in 2006, …
A Cayman Islands-based company and two individuals may be the first subjects in decentralized finance, or DeFi, to face enforcement action from the U.S. Securities and Exchange Commission. According to a Friday announcement, the Securities and Exchange Commission, or SEC, said that this is the first case involving securities using DeFi technology which resulted in an …
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Bitcoin (BTC) has staged a smart recovery in the past few days and the interest in the crypto sector seems to be picking up. JPMorgan Chase has added access to a new Bitcoin fund created by New York Digital Investment Group (NYDIG) for its private banking clients. The increasing number of traditional financial institutions opening …
Continue reading “Price analysis 8/6: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LINK”
Ethereum underwent an upgrade on Thursday, bringing with it a number of alterations to the network’s blockchain. CEO and founder of MyEtherWallet, Kosala Hemchandra, pointed toward two changes of particular importance. “The London upgrade adds around 5 changes to the current Ethereum network; however, I believe that only 2 of them are crucial to day-to-day users,” Hemchandra …
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